Hyundai Motor Group to Invest $50 Billion in South Korea Through 2025

1 month ago
AMERICA NEWS NOW

The logo of Hyundai Motors is seen at the company's headquarters in Seoul, South Korea,  on March 22, 2019. (Kim Hong-Ji/Reuters)

The logo of Hyundai Motors is seen at the company's headquarters in Seoul, South Korea, on March 22, 2019. (Kim Hong-Ji/Reuters)

SEOUL—Hyundai Motor Group said on Tuesday it plans to invest 63 trillion won ($49.86 billion) in South Korea through 2025 to strengthen its competitiveness in different business fields, including electrification, robotics, and urban air mobility, as well as autonomous driving technology.

The South Korean auto group on Sunday announced its plans to invest more than $10 billion in the United States by 2025 to enhance collaboration with U.S. firms in advanced technology, which includes its $5.5 billion investment for new electric vehicle and battery facilities in Georgia.

By Heekyong Yang and Byungwook Kim

Reuters

Follow

Read Entire Article